India Solar Energy Market Poised for Strong Growth in Forecast Period 2029
Growing awareness of less carbon emission and favorable government regulations are the factors driving the market growth in the forecast period. According to TechSci Research report, “ India Solar Energy Market - By Region, Competition, Forecast & Opportunities, 2029F” , the India Solar Energy Market is anticipated to register robust growth during the forecast period 2025 - 2029. Since between 2014 and 2021 year, according to Prime Minister Mr. Narendra Modi's statement in June 2022, the prospect for renewable energy in India expanded by 250%. In 2021, a global attempt to accelerate the development of clean energy was established in India under the name Mission Innovation Cleantech Exchange. As of October 2022, India’s installed renewable energy capacity (including hydro) stood at 165.94 GW, representing 40.6% of the overall installed power capacity. Owing to the rising government initiatives and growing renewable energy capacity in the nation, the India Solar Energy Mar...